Over the past few weeks, CADJPY has remained trapped inside a well-defined descending channel, consistently respecting lower highs and lower lows. From my perspective, nothing in the current price action suggests that the broader bearish trend has ended.After rejecting the May highs, the market has been unable to reclaim any significant resistance, and every recovery…
BTC/USD – SELL SETUP Bitcoin is approaching a significant resistance zone around 59,500, where bearish rejection is anticipated. Price action suggests a potential breakdown, presenting a favorable short-selling opportunity from 59,400 upon confirmation. Trade PlanEntry: 59,400Resistance: 59,500Timeframe: 15 Minutes (M15) Technical TargetsTarget 1: 58,900Target 2: 58,400 Risk Management Execute this trade with disciplined risk management….
NASDAQ… Is the Weekly Market Finally Starting to Crack? For a while now, the NASDAQ has looked almost unstoppable. Every dip kept getting bought. Every pullback kept turning into another rally higher. Most retail traders enter exactly where institutions NEED liquidity before the real move begins. That’s why emotional trading keeps failing. Tuesday, July 7…
Gold is trading around 4086, with price facing increasing selling pressure as it approaches a key resistance zone. The short-term market structure suggests sellers remain active while momentum begins to weaken. 🔍 Market Structure Insight (1H / 4H):Price is struggling to sustain bullish momentum, with resistance continuing to cap recovery attempts. Unless buyers reclaim higher…
The market doesn’t trap traders by accident. Most retail traders enter exactly where institutions NEED liquidity before the real move begins. That’s why emotional trading keeps failing. Tuesday, July 7 at 7 PM ET, I’m hosting a FREE live Zoom training on:“How to Finally Read What the Market Is Actually Doing” You’ll learn:✔ Why retail…
US stock futures took a breather on Tuesday after a record-setting start to the week, as investors assessed concerns around a potential oil glut and the dollar’s growing strength. Dow Jones Industrial Average futures (YM=F) hovered above the flat line, after the blue-chip benchmark closed above 52,000 for the first time on Monday. Contracts on…
By Karen Brettell and Amanda Cooper NEW YORK, June 29 (Reuters) – The dollar dropped on Monday but remained near a 13-month high, supported by optimism over U.S. economic growth, the prospect of Federal Reserve interest rate hikes and a continuing AI-driven boom in U.S. equity markets that has been drawing in capital at a…
The dollar index (DXY00) on Monday fell by -0.26%. The dollar retreated as Monday’s stock rally curbed liquidity demand for the dollar. However, losses in the dollar were limited as Monday’s +2% jump in WTI crude oil prices has strengthened inflation expectations and could prompt the Fed to keep monetary policy tight, a supportive factor…
August WTI crude oil (CLQ26) on Monday closed up +1.52 (+2.20%), and August RBOB gasoline (RBQ26) closed up +0.0753 (+2.66%). Crude oil and gasoline prices settled sharply higher on Monday amid escalating tensions in the Strait of Hormuz, which have slowed the flow of oil tankers through the strait. Crude prices also found support on…
JPMorgan Chase (NYSE: $JPM) has thrown its support behind the cryptocurrency legislation that’s winding its way through Congress but warned of risks posed from “shadow banking.” In a blog post, JPMorgan, which is the world’s biggest commercial bank, said it is backing efforts to establish a U.S. regulatory framework for digital assets, but emphasized the…
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